Define and provide an example for an instrument of Conveyance

Finance Dec 19, 2020

Define and provide an example for an instrument of Conveyance.

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An instrument of conveyance is a legal term that describes the deed or some type of contract transferring ownership between buyer and seller. This document is usually prepared by legal experts and exercised in their presence. This is more common when land is bought and sold for various reasons. For an instrument of conveyance to be binding, the deed has to be handed to the new owner and he has to record it at his local municipality for public record.

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